In my yesterday's intraday update I said that "sellers should be careful" with their trades under 1790 because Gold is approaching a very important confluence zone support at 1780-1782, and, indeed, after reaching 1782 intraday low, XauUsd has reversed and now is trading upwards in what I believe to be just a small correction.
This correction can be a good opportunity for swing traders to load up short trades and rallies above 1800 should be considered good entry points.
Gold remains grossly bearish under 1830 and only a daily close above would change my opinion.
This correction can be a good opportunity for swing traders to load up short trades and rallies above 1800 should be considered good entry points.
Gold remains grossly bearish under 1830 and only a daily close above would change my opinion.
Note
Gold is very weak and couldn t hold gains.A very small correction as expected
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.